President Trump's trade war with China is increasing the odds that America will be thrown into a recession, according to Goldman Sachs.
Since the upcoming September tariffs are targeting finished goods rather than inputs or components, the pass-through effect on prices will be more noticeable. “Consumers are going to feel the effects of those tariffs,” Lardy said.
Looming over the prospect of higher prices is the prospect of the labor market stalling out. Some sectors of the economy that are more exposed to the trade war are struggling to add and maintain jobs, and business investment in capital expenditures already has stagnated across the board. “If they decide, given the recent actions, they’re going to pull back on payrolls and jobs and employment slows much further, that’s recession,” Zandi said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Goldman Sachs cuts growth forecast as trade war triggers recession fearsGoldman Sachs lowered its fourth-quarter growth forecast by 20 basis points to 1.8%, citing a larger than-expected impact of recent trade war events.
Baca lebih lajut »
Goldman Sachs economists say fears rise that U.S.-China trade war leading to recessionGoldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war le...
Baca lebih lajut »
Trade war is raising the risk of U.S. recession, Goldman Sachs warnsThe trade war with China is having a greater effect on the U.S. economy than expected, and the risk of recession is rising, Goldman Sachs Group Inc. said...
Baca lebih lajut »
Goldman has a new strategy for beating the market during the trade warGoldman Sachs has a new battle plan for the trade war: buy service-providing stocks and avoid goods-producing companies.
Baca lebih lajut »
Goldman Sachs CEO doesn't expect a recession soon - CNN VideoIn an exclusive interview with CNN Business, Goldman Sachs CEO David Solomon tells Christine Romans the US economy is fine, but he's paying close attention to trade and monetary policy.
Baca lebih lajut »
Wall Street set to open lower as trade war stokes fears of recessionWall Street was set to open lower on Monday, as investors shunned risky bets on ...
Baca lebih lajut »